WI DMV WI DMV Vehicle Insurance and Financial Responsibility 3

Question 1

A Wisconsin driver lends their car to a friend who causes an accident. Which insurance policy typically pays first?

Accepted Answer

The car owner's insurance policy

Answer

In Wisconsin, auto insurance follows the vehicle, so the car owner's policy is primary when a permissive driver causes an accident.

Question 2

What does uninsured motorist coverage in Wisconsin protect you from?

Accepted Answer

Injuries and damages caused by a driver who has no liability insurance

Answer

Uninsured motorist coverage pays for your bodily injury losses when the at-fault driver carries no liability insurance.

Question 3

Wisconsin's minimum uninsured motorist bodily injury coverage limits match which other coverage?

Accepted Answer

Bodily injury liability limits ($25,000/$50,000)

Answer

Wisconsin requires uninsured motorist bodily injury coverage of at least $25,000 per person and $50,000 per accident, matching the liability minimums.

Question 4

If a Wisconsin driver sells their vehicle, what should they do regarding their auto insurance?

Accepted Answer

Cancel or transfer the policy and notify their insurer of the sale

Answer

Upon selling a vehicle, the owner should notify their insurer and cancel or adjust the policy since insurance follows the vehicle owner's obligation.

Question 5

A Wisconsin driver purchases a new vehicle. How long do they typically have to add it to their existing auto insurance policy?

Accepted Answer

14 days

Answer

Most Wisconsin auto insurers and state guidelines allow a grace period of approximately 14 days to add a newly purchased vehicle to an existing policy.

WI DMV - Wisconsin Department of Motor Vehicle Practice Test

WI DMV - Wisconsin Department of Motor Vehicle Practice Test

WI DMV WI DMV Vehicle Insurance and Financial Responsibility 3